Thailand’s cross-border trade drops 8.5 percent in seven months
Thailand's cross-border trade fell 8.5 percent year-on-year in January-July period, mostly due to the closure of border checkpoints amid COVID-19, according to the Thai Ministry of Commerce.
Aranyaprathet in Sa Kaeo is a key border trade district between Thailand and Cambodia. (Photo: Bangkok Post)
Hanoi (VNA) – Thailand's cross-bordertrade fell 8.5 percent year-on-year in January-July period, mostly due to theclosure of border checkpoints amid COVID-19, according to the Thai Ministry ofCommerce.
The Ministry’s Foreign Trade Department reported that overall cross-bordertrade, including transit trade, totalled 741 billion baht (23.68 billion USD)from January to July.
Thailand‘s border trade with four neighbouringcountries — Malaysia, Myanmar, Laos and Cambodia — stood at 434 billion baht, a12.8 percent decline year-on-year, the department said.
Malaysia is Thailand’s biggest border trade partner, with two-way tradereaching 131 billion baht in the period, down 23.6 percent.
The transit trade value with Vietnam and other countries reduced 21.8 percentand 15.8 percent to 34.9 billion baht and 91.7 billion baht respectively.
Thailand’s cross-border trade is likely to improve in the remainingmonths as countries reopen their border checkpoints, the Bangkok Post newspaperquoted Foreign Trade Department Director-GeneralKeerati Rushchano as saying.
To date, the country has reopened 40 of its 97 border checkpoints for exportand import as well as transportation of goods./.
Thailand's cross-border trade was down by 9.7 percent year-on-year in the first five months of 2020 due to the impacts of COVID-19 pandemic on the global economy, and neighbours’ closure of nearly all border checkpoints.
Thailand's cross-border trade fell by 9.18 percent year-on-year in the first half of 2020 due to lockdown measures and the slowing economies of neighbouring countries.
Trade between Cambodia and Thailand hit 82.02 billion THB (2.6 billion USD) in the first half of this year, up 2.27 percent year on year, the Phnom Penh Post reported.
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Aranyaprathet in Sa Kaeo is a key border trade district between Thailand and Cambodia. (Photo: Bangkok Post) 
